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Launched · SEC filings

State Street SPDR S&P Metals & Mining ETF

XMENYSE ArcaSPDRB

$96.76−0.90 (−0.92%)

At close: Nov 3, 2026, 4:00 PM ET

B62/ 100

Rank 4 of 14 in Materials (Broad)

B62/100Rank 4 of 14inMaterials (Broad)
Intraday session: down, 79 prints from 97.66 to 96.76. Range 96.53 to 98.20. Use the arrow keys to read each point.96.5097.0098.0010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$3.84B
1Y total return
+1.4%
Yield · Last 12 months
0.35%
Holdings
39
Avg volume · 30D
1.83M sh
52W range
low $85.63high $135.68
Launched
Filings
SEC EDGAR

The ETF.net XME Grade

B

Score 62 out of 100

Category
Materials (Broad)⁠
Rank
4 of 14
Six-pillar profile for XME. Scores out of 100: Cost 61, Risk 30, Mission 52, Tradability 92, Holdings 67, Durability 70. Strongest: Tradability (92). Weakest: Risk (30). Leans toward Tradability.

Score 62 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B61 out of 100
    Rank 6 of 14

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C52 out of 100
    Rank 4 of 4

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 12 of 14

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A92 out of 100
    Rank 2 of 14

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 5 of 14

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 5 of 14

Our read on XME

ETF.net Research

In short

BNot the chemicals-heavy materials fund. XME holds roughly 40 miners and steelmakers on a modified equal weight, so a small copper name carries about the weight of a giant. Ore, coal and metal, since 2006.

Stated mandate

The fund seeks to track, before fees and expenses, the total return performance of the S&P Metals and Mining Select Industry Index.

Why people hold it

  • Pure play on the metals and mining slice: aluminum, coal, copper, gold, precious metals, silver and steel sub-industries, not the whole materials sector.ssga.com
  • Modified equal weighting spreads exposure across large, mid and small caps, so the biggest miners don't set the tone for the whole portfolio.ssga.com
  • One of the more actively traded funds in its corner of the market, and a multi-billion-dollar fund that has been running since 2006.
  • 0.35% expense ratio, slightly under the median for the materials funds we grade, which is unusual for a narrow industry sleeve.

Worth knowing

  • Broad materials funds cost far less: XLB at 0.08% and VAW at 0.09%. They also own a very different mix, chemicals and packaging included.
  • About 40 names, many of them smaller miners, in one cyclical industry. Swings run wider than a diversified sector fund's.
  • The portfolio's fortunes track commodity cycles in steel, coal, copper and gold rather than broad industrial demand.ssga.com

XME Holdings

Holdings pillarB67 out of 100Rank 5 of 14 in Materials (Broad)
Asset class
Stocks
Holdings
39
Top-10 weight
54%
Largest holding
CLF6.6%

Sectors

  • Materials80.3%
  • Energy13.6%
  • Industrials6.1%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1CLFCleveland Cliffs Inc6.59%17,596,806$253M120
2RSReliance Inc6.22%538,601$239M240
3NUENucor Corp5.96%824,871$229M349
4STLDSteel Dynamics Inc5.88%883,898$226M327
5CMCCommercial Metals Co5.32%3,084,167$204M171
6RGLDRoyal Gold Inc5.04%810,321$193M194
7NEMNewmont Corp4.85%1,652,899$186M439
8FCXFreeport Mcmoran Inc4.85%2,790,844$186M379
9MTRNMaterion Corp4.63%735,274$178M142
10AAAlcoa Corp4.39%4,193,675$169M176
11MPMp Materials Corp4.28%3,917,962$164M149
12UECUranium Energy Corp3.92%18,340,086$151M93
13HLHecla Mining Co3.87%10,203,593$149M190
14CDECoeur Mining Inc3.73%10,130,731$143M207
15HCCWarrior Met Coal Inc3.66%1,628,744$141M128

Showing 1–15 of 39 holdings

XME Performance

Launched Jun 19, 2006

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XME$10,143
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. XME $10,143. SPY $11,146. Use the arrow keys to read each point.$10,000$12,000$14,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XME. Periods over one year show the average yearly return.
PeriodXME
Year to date−5.6%
1 month−7.6%
3 months−2.9%
1 year+1.4%
3 yearsper year+25.1%
5 yearsper year+18.5%
10 yearsper year+16.0%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XME
YearReturn barXME
2026 YTD−5.6%
2025+83.5%
2024−4.5%
2023+21.5%
2022+13.1%
2021+34.9%
2020+16.0%

XME in the news

XME Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.35%Last 12 months
Payout per share
$0.34Last 12 months
Last payment
$0.07 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 39 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.04; Jun 16, 2017 $0.05; Sep 15, 2017 $0.06; Dec 15, 2017 $0.27; Mar 16, 2018 $0.05; Jun 15, 2018 $0.37; Sep 21, 2018 $0.07; Dec 21, 2018 $0.09; Mar 15, 2019 $0.15; Jun 21, 2019 $0.34; Sep 20, 2019 $0.10; Dec 20, 2019 $0.12; Mar 23, 2020 $0.08; Jun 22, 2020 $0.09; Sep 21, 2020 $0.07; Dec 21, 2020 $0.08; Mar 22, 2021 $0.08; Jun 21, 2021 $0.09; Sep 20, 2021 $0.07; Dec 20, 2021 $0.08; Mar 21, 2022 $0.06; Jun 21, 2022 $0.21; Sep 19, 2022 $0.20; Dec 19, 2022 $0.35; Mar 20, 2023 $0.17; Jun 20, 2023 $0.16; Sep 18, 2023 $0.17; Dec 18, 2023 $0.10; Mar 18, 2024 $0.10; Jun 24, 2024 $0.10; Sep 23, 2024 $0.11; Dec 23, 2024 $0.06; Mar 24, 2025 $0.07; Jun 23, 2025 $0.09; Sep 22, 2025 $0.10; Dec 22, 2025 $0.13; Mar 23, 2026 $0.06; Jun 22, 2026 $0.08; Sep 21, 2026 $0.07. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 21, 2026Sep 23, 2026$0.07
Jun 22, 2026Jun 24, 2026$0.08
Mar 23, 2026Mar 25, 2026$0.06
Dec 22, 2025Dec 24, 2025$0.13
Sep 22, 2025Sep 24, 2025$0.10
Jun 23, 2025Jun 25, 2025$0.09
Mar 24, 2025Mar 26, 2025$0.07
Dec 23, 2024Dec 26, 2024$0.06
Sep 23, 2024Sep 25, 2024$0.11
Jun 24, 2024Jun 26, 2024$0.10
Mar 18, 2024Mar 21, 2024$0.10
Dec 18, 2023Dec 21, 2023$0.10

See all 81 payments⁠

$10,000 in XME 10 years ago paid $1,851 in dividends.⁠

XME Risk

Risk pillarD30 out of 100Rank 12 of 14 in Materials (Broad)
How much the fund’s monthly returns vary, scaled to a year.
29.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.79
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−37.3%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.32
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XME Cost

Compare XME and XLB

Overpaying vs XLB, cheapest in Materials (Broad)

$5,437

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XME 0.35%

    $7,126

  • XLB 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • XME 0.35%
  • XLB 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XME $7,126XLB $1,689

Year by year

YearXMEXLBOverpaying
10$634$147$487
20$2,454$575$1,879
30$7,126$1,689$5,437

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